The news will certainly send shock waves through the media as Howard stern has just lost his epic battle with Sirius XM Satellite Radio (NASDAQ:SIRI). The suit, filed over a year ago, had some tantalizing tid-bits of the history of the Howard Stern deal with Sirius, the merger with XM, and of course the massive bonus structure that Stern received as part of the deal. Stern, has had many rants on his show about how he feels the company cheated him out of potential bonuses worth well over $100 million and possibly as much as $300 million.

The sides have been at odds for months, but in the end Sirius XMâ€™s request for summary judgement came down in the favor of the satellite radio provider. Documents filed in court today confirm Judge Barbara Kapnickâ€™s ruling. Stern and his agent, Don Buchwald, have the right to appeal, but as of right now Sirius XM is victorious.

DAMN, do I have to break my 1 month Stern-free streak now?? Nah... Let us know if he says anything remotely entertaining, guys. I expect it will be pretty boring -- at best he'll announce his formal radio retirement....

Good - he didn't deserve to win but I'm surprised that the court granted the summary judgment. Howard must be grumbling about all the marbles he paid to his legal team and hopefully this will put an end to his rhetorical question of whether Sirius and XM are two companies.